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Portugal Downgrade to Spark a Down Day for EUR/USD?
Good morning Forex fanatics! Going through the Euro section of FreshPips.com, I saw that Moody's just cut Portugal's credit rating down two steps. Time for an intraday short play on EUR/USD?
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Euro Weakens as Moody's Cuts Portugal's Credit Rating
The euro halted three days of gains versus the dollar after Moody’s Investors Service downgraded Portugal’s credit rating, reviving concern about Europe’s ability to solve its debt crisis.
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The Super Basics of Forex Trading and Taxes
People say only two things in the world are constant: death and taxes. In the Forex market, I guess you could say the same thing, except that death comes in the form of losses and taxes are...well, still taxes.
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EU Summit Clash Looms as Irish PM Rejects Merkel Terms
Irish Prime Minister Enda Kenny rebuffed German Chancellor Angela Merkel’s conditions on easing bailout terms, setting up a clash as European Union leaders struggle to break a deadlock on tackling the debt crisis.
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Will Cable Return to an Uptrend?
Good evening Forex fanatics! I thought I'd start off the week with a swing trade idea on Cable. After re-testing the strong resistance at last week's PWH and failing, the pair seems like it's on its way to test a potential support area created by
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The Basics of the Olsen Scale
And I'm back to exposing forex industry secrets! This week I give you the lowdown on what the Olsen Scale is, and why it's helping a lot of traders gain more pips...
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Keeping Score
When keeping a journal, it ain't enough to just scribble your trade ideas and record the results of those trades. You also need to know what to do with the data that you have and how to interpret it to help you improve as a trader.
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Potential Resistance Play Setup on Cable?
Good evening! It's been a hot minute since I've posted as Forexgump called me away back to Piptropolis for an emergency...he didn't know to set his DVR to record the Oscars! WTH! So, I'm back with a day trade idea to play upcoming UK data. Check
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Sterling Reaches 13-Month High Versus Dollar
The pound strengthened to above $1.63 for the first time since January 2010 after an unexpected rise in U.K. house prices and manufacturing sentiment at a record high boosted speculation that interest rates may rise.
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How's I'm setting up the EUR/USD (distribution!) exhaustion
This set up is a classic distribution fade or "inside-the-range" short entry that will remain valid as long as the bears can maintain selling pressure at and below the February 2 high at 1.3861.
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Channel Break Higher on Cable
Inflation data from the Bank of England today was enough to get traders to push GBP/USD higher out of a short-term channel lower. Is the consolidation over and is Cable ready to move higher?
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3 Ways to Deal with Sovereign Debt
Sovereign debt this, contagion that, bailout those... The economic and financial crisis has produced an increase in public debt in major economies that we have never seen before. I've talked about them repeatedly, discussing the finances of U.S.,


